Rupee gains 10 paise in early trade

May 17, 2018

MUMBAI: The rupee firmed up by 10 paise to 67.70 against the US dollar in early trade today on increased selling of the American currency by banks and exporters amid the greenback's weakness against some currencies overseas.

Besides, the BJP forming the government in Karnataka and a higher opening in domestic equity market supported the rupee, forex dealers said.

Yesterday, the rupee had gained 27 paise at 67.80 against the US currency on suspected RBI intervention to stem further fall in the domestic currency.